Amazon.com did a good impersonation of Cisco’s
late-1990s ‘penny above’ routine after the close on Tuesday.
Pro forma earnings of 11 cents a share topped estimates by a penny, and revenues of $1.13 billion topped $1.12 billion forecasts. Fourth quarter revenue guidance of $1.76-1.91 billion compared favorably to $1.78 billion forecasts, and Amazon issued $5.75-6.25 billion revenue guidance for 2004, compared to $6.12 billion estimates.
Amazon slipped after hours, as traders were looking for more upside.
Also after the close, RF Micro , Avaya
, Internet Security
, CheckFree
, Seagate
, Cymer
, eCollege.com
and Advanced Fibre
beat estimates. StorageTek
missed revenue estimates, and webMethods
and AsiaInfo
warned.
Stocks were mixed during the day. Techs got a boost from Texas Instruments’ blow-out quarter and guidance, while the Dow traded lower on AT&T’s
and SBC’s
disappointing results.
The Nasdaq rose 15 to 1940, the S&P 500 added 1 to 1046, and the Dow fell 30 to 9747. Volume rose to 1.45 billion shares on the NYSE, and 1.74 billion on the Nasdaq. Advancers led 18-14 on the NYSE, and 18-13 on the Nasdaq. Upside volume was 53% on the NYSE, and 71% on the Nasdaq. New highs-new lows were 232-7 on the NYSE, and 239-6 on the Nasdaq.
J2 Global plunged 24% on a warning.
JDA Software , Earthlink
and Silicon Labs
surged on their results, while FindWhat
, Ameritrade
and Altera
edged higher on their reports.
Chinese Internet stocks were hit on earnings worries. Sina , Sohu
and Netease
lost 7-11%.
IXOS surged 18% on a buyout.
Click2learn and Docent
surged on merger plans.
And George Soros continues to prop up Bluefly .
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